St. Tammany Business Incorporations Climb 20 Percent In 2016

MANDEVILLE, LA – The St. Tammany Economic Development Foundation (STEDF) has released its fourth quarter report on St. Tammany economic trends for 2016. In 2016, St. Tammany saw almost 20 percent more new business incorporations than in 2015.

         “We saw a significant uptick in new business incorporations in the second half of the year,” said Brenda Bertus, CEO of STEDF. “And we saw the most incorporations in the fourth quarter. We’re already seeing this trend continue in 2017.”

         St. Tammany also issued 14 percent more residential building permits in 2016 than in the previous year.

         Hotel sales increased 11.3 percent from the previous year, with an 18.8 percent fourth-quarter increase over the fourth quarter of 2015. Hotel sales in 2016 totaled over $55.2 million.

         The Economic Trends report discusses employment, sales tax collections and housing trends as well as other factors that contribute to the state of the local economy.

         STEDF leads economic development in St. Tammany Parish, attracting new businesses and employment opportunities to the area, reps said. The organization seeks to improve parish residents’ quality of life by strengthening and supporting the business climate.

         View the full report here

 

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